Lakewood Park, FL Cost Of Living
Cost Of Living In Lakewood Park, FL Summary
Cost of living in Lakewood Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lakewood Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lakewood Park is 89, with 100 being the average.
The cost of living index in Lakewood Park is 0.9x lower than the national average.
Lakewood Park ranks as the #72 cheapest in Florida out of 459.
Lakewood Park ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Lakewood Park is $173,500.
The median income in Lakewood Park is $53,866.
Table Of Contents
Lakewood Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lakewood Park, FL?
According to the most recent data on the cost of living, Lakewood Park has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Florida, Lakewood Park has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Lakewood Park ranks as #72 most affordable out of the 459 places we measured in Florida. By definition, that implies Lakewood Park ranks as the #387 most expensive place in the Sunshine State.
For more reading on life in Lakewood Park, check out:
- Living In Lakewood Park
- Search Homes For Sale In Lakewood Park, FL
In Florida
In America
Lakewood Park Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lakewood Park. Here is how it fairs on each of the criteria:
The Services index in Lakewood Park is 99.
The Groceries index in Lakewood Park is 100.
The Health index in Lakewood Park is 111.
The Housing index in Lakewood Park is 65.
The Transportation index in Lakewood Park is 102.
The Utilities index in Lakewood Park is 115.
| Living Expense | Lakewood Park | Florida | National Average | |
|---|---|---|---|---|
| Overall | 89 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 65 | 108 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 115 | 100 | 100 | |
Lakewood Park, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lakewood Park is $173,500.
The Median Rent in Lakewood Park is $1,040.
The Median Income in Lakewood Park is $53,866.
The Home Value To Income in Lakewood Park is 3.2x.
The Rent To Monthly Income in Lakewood Park is 0.23x.
| Statistic | Lakewood Park | Florida | United States |
|---|---|---|---|
| Median Home Value | $173,500 | $248,700 | $244,900 |
| Median Rent | $1,040 | $1,301 | $1,163 |
| Median Income | $53,866 | $61,777 | $69,021 |
| Home Value To Income | 3.2x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lakewood Park, FL Costs By Category
Detailed Lakewood Park Services Costs Vs. Florida
| Item | Lakewood Park | Florida |
|---|---|---|
| Shampoo | $0.98 | $1.06 |
| Movie | $6.43 | $10.68 |
| Bowling | $17.55 | $14.67 |
| Haircut | $15.28 | $18.62 |
| Beauty Salon | $45.42 | $39.05 |
Detailed Lakewood Park Groceries Costs Vs. Florida
| Item | Lakewood Park | Florida |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.63 | $1.39 |
| Milk | $2.71 | $2.05 |
| Potatoes | $3.94 | $3.29 |
| Pizza | $9.99 | $10.62 |
| Beer | $10.23 | $9.38 |
| Toothpaste | $2.51 | $2.34 |
Detailed Lakewood Park Health Costs Vs. Florida
| Item | Lakewood Park | Florida |
|---|---|---|
| Optometrist | $157.83 | $108.57 |
| Doctor | $126.5 | $116.17 |
| Dentist | $108.78 | $99.13 |
Detailed Lakewood Park Transportation Costs Vs. Florida
| Item | Lakewood Park | Florida |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $51.86 | $50.07 |
Detailed Lakewood Park Utilities Costs Vs. Florida
| Item | Lakewood Park | Florida |
|---|---|---|
| All Electricity | $208.89 | $167.67 |
| Phone | $188.17 | $175.64 |
Lakewood Park SnackAbility
/10
Cost Of Living In Cities Around Lakewood Park
The cost of living varies in the cities and towns around Lakewood Park. Here's a quick look at the cost of living in the most populous nearby places:
Port St. Lucie, FL has a cost of living index of 101, 1.1x Lakewood Park.
Fort Pierce, FL has a cost of living index of 90, 1.0x Lakewood Park.
Vero Beach South, FL has a cost of living index of 95, 1.1x Lakewood Park.
| City | Population | Cost Of Living | Vs. Lakewood Park |
|---|---|---|---|
| Port St. Lucie, FL | 202,177 | 101 | 1.1x |
| Fort Pierce, FL | 46,409 | 90 | 1.0x |
| Vero Beach South, FL | 29,506 | 95 | 1.1x |
| Sebastian, FL | 24,843 | 97 | 1.1x |
| Florida Ridge, FL | 22,151 | 93 | 1.0x |
| Vero Beach, FL | 16,254 | 106 | 1.2x |
| West Vero Corridor, FL | 10,158 | 86 | 1.0x |
| Fort Pierce North, FL | 7,027 | 89 | 1.0x |
